Tag: Futures

Valkyrie Halts Purchase Of ETH Futures Contracts

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Asset management firm Valkyrie, one of the frontrunners for the first Ethereum ETF (exchange-traded fund) in the United States, has decided to pause its purchase of Ether futures contracts until the US Securities and Exchange Commission approves an Ether futures ETF. This comes barely a day after the asset manager reportedly secured approval to offer investors exposure to Ether futures under its existing strategy ETF (BTF). SEC Might Be Behind This Action, Bloomberg Expert Speculates On Friday, September 29, Valkyrie filed a 497 with the SEC, saying that it would…

Global Investment Manager VanEck To Launch Ethereum (ETH) Futures Exchange-Traded Fund

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Global investment firm VanEck is preparing to roll out an Ethereum (ETH) futures exchange-traded fund (ETF) amid an optimistic outlook for the first-ever US futures ETF based on the second-largest crypto asset by market cap. In a statement published on Thursday, the firm says the VanEck Ethereum Strategy ETF (EFUT) will not directly invest in Ethereum or other crypto assets, but in standardized, cash-settled ETH futures contracts traded on registered commodity exchanges. “VanEck Ethereum Strategy ETF (EFUT) [is] an actively managed ETF designed to seek capital appreciation by investing in…

Valkyrie backtracks on Ether futures contract purchases until ETF launch

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Asset management firm Valkyrie has said it will hold out for the United States Securities and Exchange Commission (SEC) to approve an exchange-traded fund, or ETF, with exposure to Ether (ETH) futures rather than making purchases in advance. In a Sept. 29 filing with the SEC, Valkyrie said it will not make certain purchases “until the effectiveness of an amendment” reflecting ETH futures contracts as the ETF’s principal investment strategy. The firm told Cointelegraph on Sept. 28 that it planned to allow investors exposure to Ether and Bitcoin (BTC) under…

Valkyrie Receives Permission to Start Buying ETH Futures for Its Bitcoin ETF

The news of the new Valkyrie ETF caused a spike in Ether price.  Asset manager Valkyrie has received approval to convert its Bitcoin futures exchange-traded fund (ETF) to a two two-for-one investment vehicle by combining Bitcoin and Ether futures contracts into one contract. The firm has already started buying Ether futures contracts. In a statement to CoinDesk, a company spokesperson wrote: “Today, the Valkyrie Bitcoin Strategy ETF (Nasdaq: $BTF) began adding exposure to Ether futures contracts, making it the first US ETF to provide exposure to Ether and Bitcoin futures…

VanEck Announces Upcoming Launch of Ethereum Futures ETF (EFUT)

VanEck will not invest in Ethereum directly since the product tracks Ether futures that are traded on the Chicago Mercantile Exchange (CME). A leading asset management firm with more than $80 billion in AUM, VanEck, is preparing to launch an Ethereum futures exchange-traded fund (ETF) amid heightened demand for the second-largest digital assets by institutional investors. According to the company, the new product will be called VanEck Ethereum Strategy ETF (EFUT), and will not invest in Ethereum directly. Instead, the EFUT will invest in standardized cash-settled Ethereum futures contracts that…

Coinbase Secures License to List Crypto Perpetual Futures for Retail Users

By securing the latest regulatory approval, Coinbase would be able to offer its eligible customers access to regulated perpetual futures contracts on the Coinbase Advanced platform. Coinbase International Exchange, holding a class F license granted by the Bermuda Monetary Authority (BMA), has disclosed that it has secured further regulatory clearance. This authorization now permits Coinbase to provide perpetual futures trading services to retail customers outside of the United States. This is a clear indication of Coinbase’s willingness to expand its footprint in the international market. Earlier this year in May…

Coinbase launches perpetual futures trading to non-US retailers

Coinbase is extending its perpetual futures trading service to non-US retail clients, following a successful trial with institutional traders. Coinbase has announced the expansion of its perpetual futures trading service to non-US retail clients. This decision comes in the wake of observing over $5.5 billion in notional volume during the second quarter, predominantly from institutional trading. Coinbase had originally introduced its perpetual futures trading in May. However, this service was exclusively available to institutional investors located outside the United States. Fast forward to Sep. 28, and now, non-US retail traders…

Is The Ethereum Winter Over? L2 Exploding, ETH Futures ETF Launches

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After sinking roughly 30% from 2023 highs, Ethereum appears to be bouncing off from the pits of the crypto winter. Looking at candlestick arrangements in the daily and weekly charts, the coin has primary support at around $1,500 and is firm, bouncing off with decent trading volume.  At spot rates, ETH is up approximately 3% following positive developments sparked by the increasing adoption of its layer-2 scaling solution and the recent news that VanEck, a player managing billions of assets, is preparing to launch an Ethereum derivatives product. ETH price…